Excess Return Fund

NAV 1,022.9300 USD

+0.160

+0.02%

18 May 2012

Performance Overview as of 18 May 2012

	Fund Return
1 Month	+ 1.26%
3 Months	+ 2.14%
YTD *	+ 2.88%
1 Year	+ 7.01%
3 Years	N/A
5 Years	N/A
Since Inception	+ 11.63%

* Returns are from the beginning of the year until the respective 'As Of' Date

Ratio Analysis *

	Fund
Annualised Return It is a measure that converts rates of returns of any length into annual rates of returns	+ 6.18%
Annualised Standard Deviation It measures the volatility of the fund. The higher the percentage, the riskier is the fund	0.77%
Beta It measures how a fund's share price moves in relation to a benchmark. The benchmark index has a beta of 1. A beta greater than 1 means the fund tends to rise and fall more than the index does. A beta less than one means the fund tends to be less volatile than the index	N/A
Alpha It is the excess return of the fund relative to the return of the benchmark index. Simply, it is the value that a portfolio manager adds to or subtracts from a fund's return. A positive alpha of 1.0 means the fund has outperformed its benchmark index by 1%. Correspondingly, a similar negative alpha would indicate an underperformance of 1%	N/A
Information Ratio This ratio is used to evaluate the returns a fund manager achieved in comparison to the benchmark, given the risk they take on	N/A
Sharpe Ratio This ratio measures the reward per unit of risk. The Sharpe ratio tells us whether the returns of a portfolio are due to smart investment decisions or a result of excess risk. This measurement is very useful because although one fund can reap higher returns than its peers, it is only a good investment if those higher returns do not come with too much additional risk. The higher the ratio the better is the fund	1.22
Based on Risk Free Rate of %
* Formulas are available in the Education Center

Fund Facts

Objective		To achieve medium to long term capital appreciation along with steady income
Asset Type		Fixed Income
Geographic Focus		Lebanon
Currency		USD
Structure		Open - Ended
Inception Date		August 2010
Initial Target Size		N/A
Fund Size 31Mar12		18,431,681 USD
NAV Frequency		Daily
Administrator		Midclear S.A.L
Fund Manager		Mona Gabriel Bank of Beirut Invest s.a.l.
Domicile		Lebanon
Elligibility		Open to all investors
Zawya Code Zawya exclusive 7 digit code is used to locate a fund profile on the Funds Monitor through the search box		BOBERFU.MF

Fees and Expenses

Min. Subscription
Dividend Policy
Administration Fee
Subscription Fee
Redemption Fee
Performance Fee
Custodian Fee
Management Fee
Fees Notes

Charts

NAV CHART

NAV (USD) 18May12	1,022.9300
Change	0.160 ( 0.02%)
Previous Close 17May12	1,022.7700
12 Month High 18May12	1,022.9300
12 Month Low 19May11	955.8210

Investment Strategy

The fund's assets will be invested mainly in USD denominated fixed income instruments such as Lebanese Government Eurobonds, Central Bank’s Certificates of Deposit and governmental bonds issued by the state of Qatar.

Fund Material